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International Game Technology PLC Says Unit Won Facilities Management Lottery Contract From Connecticut Lottery Corporation
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International Game Technology Raises 2021 Outlook
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International Game Technology Plc (IGT), a provider of casino-floor technology and online game content, says it has extended by a minimum of five years, the group’s deal with an outside commercial partner to continue use of an automated clearing house system to make bank-funds transfers via IGTPay.
The arrangement is in order to “provide players with digital access to funds for cashless wagering,” said a Tuesday press release from IGT.
IGT mentioned in a previous announcement its growing focus on cashless technology for land-based as well as online play, as part of its response to the challenges wrought to the casino industry by the Covid-19 pandemic.
IGT Innovation to Bring Bitcoin Payments to Las Vegas Casinos
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International Game Technology Plc has received a patent that could bring cryptocurrency gaming to Las Vegas and other casinos around the world.
IGT is looking to make Bitcoin payments standard in Las Vegas and, over time, other gaming hotspots. (Image: PYMNTS.com)
The US patent is for a system that allows players to “access cryptocurrency from a gaming establishment account.”
IGT spokesman Phil O’Shaughnessy said the move could make crypto payments for slots and other games within regulated markets a reality in the coming years.
IGT to Make Live Crypto Gaming Possible